Rice prices on the rise
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Thursday
February 02, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
THURSDAY, FEBRUARY 02, 2023
Rice prices on the rise

Markets

TBS Report
17 January, 2020, 09:25 pm
Last modified: 18 January, 2020, 10:40 am

Related News

  • Consumers feel the squeeze:  Prices of all daily commodities soared in 2022
  • Govt mulling over monthly adjustment of power, energy prices: Nasrul Hamid
  • Gold hits 8-month peak as bets of slower rate hikes dent dollar
  • Govt to import 1 lakh tonnes of rice from India, Singapore
  • Storm cuts US oil, gas, power output, sending prices higher

Rice prices on the rise

Traders said even though Aman harvesting season is reaching its peak, paddy has become pricier as the government has started buying the crop directly from farmers

TBS Report
17 January, 2020, 09:25 pm
Last modified: 18 January, 2020, 10:40 am
File Photo: UNB
File Photo: UNB

Prices of different varieties of rice have edged up by Tk2 to Tk5 a kilogram in the capital's kitchen markets over the last one week. 

Wholesalers said a hike in paddy prices have caused the rise in the prices of finer varieties of the staple. However, they said prices of coarse varieties are stable. 

They said even though Aman harvesting season is reaching its peak, paddy has become pricier as the government has started buying the crop directly from farmers. 

While on a visit to several kitchen markets in the metropolis on Friday, it was found that najir and miniket rice varieties were selling at Tk50 to Tk52 per kilogram, which was Tk45-50 even a week ago.

According to the state-run Trading Corporation of Bangladesh, price of slender and glossy husked rice variety rose by 7.37 percent over the last one month. 

Meanwhile, prices of the premium rice varieties were between Tk55 and Tk60 per kilogram on Friday, up by Tk1 to Tk2.     

Medium-quality slender rice varieties, which have the highest number of customers, witnessed the highest increase in their prices. Retailers said those varieties were selling at Tk48 to Tk52, which was Tk40 to Tk50 a week ago.      

According to the trading corporation data, prices of this category surged by 11.11 percent in a month.  

Idris, a grocer in Dhaka's Rampura area said rice prices shot up in last four to five days. He said spiked wholesale prices jacked up the retails.    

Meanwhile, Karwan Bazar rice wholesaler Ajijul Islam said, "Rice price increased due to a hike in paddy prices." 

Traders also claimed farmers are getting fair price for paddy this season. In the previous season, low paddy price prompted by a bumper yield hurt the rice growers.   

The government is buying 6 lakh tonnes of paddy from the farmers this season at Tk26 per kilogram, or Tk1,040 for per maund. Besides, 3.50 lakh tonnes of parboiled rice and 50,000 tonnes of sunned rice will be purchased from the millers at Tk36 and Tk35 per kilogram respectively.  

People concerned said the government's purchasing paddy from the farmers has affected rice prices.  

According to our correspondents in Bagura, Dinajpur, Barisal and Jashore, the price of per maund paddy is between Tk700 and Tk800 at local markets, while Boro paddy dropped to Tk500 to Tk550 per maund in the last season.        

However, The Business Standard correspondents said that low-quality paddies are being sold at Tk630 to Tk650 per maund in some districts. 

Farmers however expressed satisfaction over the relatively higher prices of paddy this season. They said government purchase has improved the paddy market and they are getting a fair price.   

Jalal Akhand, a Barishal farmer told The Business Standard, "Aman price is quite good. However, the price gap for different qualities is a bit high."

In the meantime, onion prices have started to calm down in Dhaka. On Friday, per kilogram of locally grown onions was selling at Tk100 to Tk130, while imported onions were selling at Tk70 to Tk100 per kg. 

Onion traders raised the price to Tk200 two weeks ago on the pretext that the brief spells of shower hampered the harvesting of the bulb.       
 

Bangladesh / Top News

rice / Price / rise

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Song of the farmers as boro begins
    Song of the farmers as boro begins
  • Country's external position improves as trade deficit narrows by 21% in H1 FY23
    Country's external position improves as trade deficit narrows by 21% in H1 FY23
  • Infograph: TBS
    Remittance inflow increases 15% in January

MOST VIEWED

  • Sugar turning bitter!
    Sugar turning bitter!
  • Cry for dollar for Ramadan imports
    Cry for dollar for Ramadan imports
  • DCs asked to ensure price of essentials is stable during Ramadan: Commerce minister
    DCs asked to ensure price of essentials is stable during Ramadan: Commerce minister
  • Representational image. Picture: Collected
    Spice market won't stabilise unless imports normalise: Consumer rights body
  • Don't panic and buy excess Ramadan items at a time: Tipu Munshi
    Don't panic and buy excess Ramadan items at a time: Tipu Munshi
  • Photo: BSS
    Alarmed Commerce to blame cenbank for any Ramadan item shortage

Related News

  • Consumers feel the squeeze:  Prices of all daily commodities soared in 2022
  • Govt mulling over monthly adjustment of power, energy prices: Nasrul Hamid
  • Gold hits 8-month peak as bets of slower rate hikes dent dollar
  • Govt to import 1 lakh tonnes of rice from India, Singapore
  • Storm cuts US oil, gas, power output, sending prices higher

Features

An elderly couple's lonely battle to save Dhaka's trees

An elderly couple's lonely battle to save Dhaka's trees

21h | Panorama
Infographic: TBS

How to redirect inward remittances to formal channels

22h | Panorama
Photo: Bloomberg

How the 'madoffs of Manhattan' can unravel Gautam Adani's empire

21h | Panorama
Photo: Collected

Tips to incorporate sustainable construction

1d | Habitat

More Videos from TBS

Is Hathurusingha the most successful coach of Bangladesh?

Is Hathurusingha the most successful coach of Bangladesh?

11h | TBS SPORTS
Semiconductor, pharma should get more attention

Semiconductor, pharma should get more attention

13h | TBS Round Table
Dhali Al Mamun’s art depicts colonial impact

Dhali Al Mamun’s art depicts colonial impact

12h | TBS Stories
Jewel's humanitarian store

Jewel's humanitarian store

10h | TBS Stories

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Photo: Collected
Energy

8 Ctg power plants out of production

3
Photo: Saqlain Rizve
Bangladesh

Bangladeshi university students identified as problematic users of Facebook, internet: Study

4
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

5
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

6
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]